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is very important. we're trying not just to prevent a tax increase on 98% of americans, we're trying to go beyond that's going to be good for the long term american economy. >> but you said you're getting closer, they're saying you're getting much farther apart. they say that this is not a serious proposal. >> we have a very good plan. we have a very good mix of tax reforms that raise a modest amount of revenues on the wealthy 2% of americans. combined with very comprehensive, very detailed savings that get us back to the point where the debt is stable and favorable. if we can do that carefully, we can invest in things to make america stronger. we can rebuild infrastructure. we think those are good investments in america and we think we can afford them. >> let's look at an outline of what republicans said they heard in the meeting. $1.6 trillion in tax increases over the next ten years. $50 billion in stimulus spending right now. $400 billion in unspecified medicare cuts. over the next ten years. and then, permanent authority to increase the debt limit the president wants that authority. t
spending cuts and tax increases known as the fiscal cliff. >> tonight we're no closer to a deal. mark matthews is here now with latest for us. >> it's been 16 days since president and leaders met to talk about avoiding ts fiscal cliff n that time, nothing much moved. now, we've got three weeks in change, and the failure will be felt by everyone. in san francisco's cafe, the owner has been watching the fiscal cliff creep closer hoping for a resolution. >> if they don't, it's going to be tough. >> he's talking about employ qleez can see income taxes increase by a couple thousand dollars. >> cost of living is really high. and tough to make especially in the city like san francisco. >> if congress ask the president can't reach an agreement, income taxes will go up on nearly all americans average family paying extra $2000 to $2400 a year, spending cuts mean cuts to education, transportation, research and development. there is a proposal to up airline fee that's could raise $1 billion cutting back on those who receive food stamps could bring in another $4 billion to $16 billion eliminating
with a huge tax increase? the president asks middle class people to help make his case for action. >>> triple threat. three big storms, one after the other, about to pound the west coast. >>> and, made in america. do you want to make a difference, creating american jobs? david muir tonight shows us how to do it together for a happy holiday. >> we're in! >> we're in! >>> good evening. right now, millions and millions of americans are lining up to take a chance on a giant dream. a powerball ticket that could be worth more than half a billion dollars. the biggest in its history. the drawing is tonight. and some people have been willing to wait 2 1/2 hours in the long lines in arizona, while coast to coast, tickets are flying across the counters, 130,000 sold every minute. and that adds up to 7 million tickets sold every hour. so, we asked abc's steve osunsami to make his way into the vault where the lottery balls are kept under lock and key and tell us about all the americans hoping tonight is their night. >> reporter: if this is lottery fever -- >> it only takes one. >> that's the winner. >> th
middle school campus in fair tax. >> keira clapper has a look at the flood damage. >> three big storms filled this culvert behind the zoom, causing flooding over the weekend. >> we have four classrooms have been fairly filled with debris and mud. we'll need our library. >> now, administrators face having to tear out floors and possibly, wall autos we anticipate flooring will be replaced depending on what the damage is if it's going up the wall. we may need to remove furniture attached to the wall z do some additional work. >> classes were cancel forward 6th through 8th grade students. >> we spent three hours our wheel team, managing what we can do. it's hard to close a school. it's never easy decision to make. >> the superintendent tell meez good news is that insurance will cover costs of fixing damage. if administrators have their way, school will be back in session tomorrow, with, or without usage of the four classrooms. >> with more rain expected this week, please stay with us for continuing storm watch coverage and don't forget you can track systems any time with live doppler 7 hd.
looking all glammed up in gold. >>> good monday morning, everybody. taxes will go up for nearly every american in less than a month if there's no deal on that looming fiscal cliff. >> but even with that threat looming, lawmakers are still very far apart on their way to rein in government. there are differences on full display for all of us to see over the weekend. here's abc's tahman bradley. >> reporter: fiscal cliff talks have hit a stalemate. with only 29 days to go, republicans and democrats remain far apart. and over the weekend, there was worry negotiations may actually fail. >> i think we're going over the cliff. it's clear to me they made a political calculation. before president obama and his team are demanding that they allow bush era tax cuts for the wealthiest 2% of americans expire. >> there's no way we can govern this country with those low rates in place for future generations. those rates have to go up. >> reporter: but republicans have drawn a line in the sand in raising tax rates. instead, signaling they're open to raising revenue by limiting the tax code. it's a maj
school funding tax increased last month. we'll have a live report on that just ahead. >> a certain type of aspirin >> a certain type of aspirin may not be as beneficial you know how much grandma wanted to be here for your fist christmas? you see grandma lives waaaay down here, and you live way up here. brian, your cousin, he's a little bit older than you, he lives here, in chicago. and your aunt lisa lives here, in baltimore. uncle earnie? waaay out in hawaii. but don't you worry, we will always be together for christmas. [ male announcer ] being together is the best part of the holidays and cheerios is happy to be part of the family. you just ate dallas! >> with storms we've had since last week two, places have been hit hardest. north bay ask santa cruz mountains. let's check in now with the santa cruz mountains. >> right. though it did not rain hard all day, rain, wet weather is persistent. hills are of course, saturated. so we got a new problem here in the santa cruz mountains today, but first let's give you[ylh good news. take a look at the video. after hard work strin hill road is
overnight calling for tax relief for working families. both sides remain far apart. without a deal, nearly every american will pay more income tax between $2,000 and $2400 for the average family. democrats want tax increases to kick in for the wealthy. republicans have drawn a line in the sand on raising tax rates. >>> in less than an hour the moraga teen denied an eagle scout award because he's gay will be honored by the california state assembly. by openly gay assembly speaker john perez. ryan spent 10 years working to earn his award but was denied. his mother started an online petition drive to try to quinn the organization to reverse their -- to convince the organization to reverse their decision. >>> now to the royal baby news that is creating a buzz worldwide. the future king of england and his beautiful bride are expecting a prince or princess. the royal palace made the announcement this morning after the duchess was admitted to a london hospital with a severe bout of morning sickness. news comes a year and a half after they tied the knot. the office says the child will be behind pr
team are demanding that congress allow bush era tax cuts to expire. >> there is no responsible way we can govern this country with those low rates in place for future generations those rates have to go up. >> reporter: republicans have drawn a line in the sand on raising tax rates signaling they are open to raising revenue by reforming the tax code and limiting reductions for the wealthy. >> right now i would say we are nowhere. >> reporter: president obama asking for 1.6 trillion in new tax revenue over 10 years, boehner is offering half that. the president offering 600 billion dollars in cuts to medicare and other programs. the speaker says that is not enough. he hasn't outlined what he thinks should be cut. if they can't avoid the fiscal cliff, january 1st, nearly every american will pay more income tax between $2,000 to $2400 for the average family, 2% cut in payroll taxes will disappear, 500 billion dollars in automatic spending cuts in effect, half at the pentagon the other half from educating, transportation, food safety and research. economists fear if washington can strike a
, that would raise $800 billion in tax revenue over the next decade. but the plan calls for raising the revenue without raising tax rates on top income earners, something the white house views as unacceptable. during a photo op, the president avoided questions about the gop plan. >> no deal better than a bad deal, sir? >> reporter: a senior white house official called the proposal a step backwards. saying if republicans do not agree to some higher tax rates for the wealthy, the nation will go over the fiscal cliff, and the american people will hold them responsible. democrats also take issue with the proposal's spending cuts to medicare and social security. republican counter that tough cuts are needed to tackle the soaring debt, leaving washington locked in a stalemate, less than a month before every american sees their taxes shoot up. the gridlock has irritated people outside washington, like deborah page of arlington, texas. >> if i was working the way the president and congress was working, i would probably lose my job. >> reporter: page started a petition that would cease paychecks and hea
to the other battle brewing tonight, the clock is still ticking on the fiscal cliff. 35 days, taxes including on the middle class, will rise in america unless congress reaches a deal. abc senior white house correspondent jake tapper tells us the latest on this duel that would affect every single american family. >> reporter: the manufacturers of these angry birds building sets in pennsylvania will later this week be visited by president obama as he makes his case for raising tax rates on wealthier americans as part of a larger deal with congress. and while the president is not trying to provoke anger necessarily, he is trying to drum up passions for his proposal. meeting with small business owners today such as texas crop duster manufacturer, david ikert. >> there was a lot of talk in the room about certainty. small business wants certainty so they can plan, strategically look at how we move forward. >> reporter: and releasing these showing them pleading for their tax cuts to be extended. >> if you take away the $2,200 from my paycheck, it would severely impact my family. >> reporter: while t
before taxes. >>> the looming fiscal cliff is one reason you may want to take that lump sum. if no deal is reached, and taxes go up, most financial advisers say that could cost the winner millions. >>> and with that fiscal cliff ahead, president obama is mounting a full-court press, making his case for higher taxes on wealthier americans, even as critics accuse him of being back in campaign mode. he'll meet today with mittle-class meshes who taxes will go up if there's no deal by the end of the year. and he talked to high-powered ceos about cutting the nation's deficit. >>> susan rice, who is the front-runner to be the next secretary of state, is back to capitol hill for more meetings with some of her harshest critics. the topic this time, her comments after the attack on the consulate in libya on september 11th. tahman bradley has the latest from washington. >> reporter: u.n. ambassador susan rice faces more tough diplomacy on capitol hill. rice is the leading candidate for secretary of state in president obama's second term. but prominent gop lawmakers are trying to stop her from gett
that the republicans will go along with a tax hike for the healthy. but it certainly didn't sound that way on the other side. what is at stake for the average american family? with 30 days to go until the deadline? david kerley at the white house tonight. >> reporter: president obama and his white house team appear confident with the stronger hand in talks with house republicans, demanding and believing tax rates for the wealthy are going up. >> there is no responsible way we can govern the country with those low rates in place for future generations. those rates are going to have to go up. >> i was flabbergasted. i look at him and i said, you can't be serious. >> reporter: the two sides are seriously far apart. the president wants $1.6 billion in new tax revenue over ten years. the speaker wants half that. the president wants spending cuts, $600 billion. to medicare and other programs. not enough, says the speaker. >> if we gave the president 1.6 trillion of more money, what do you think he is going to do with it? he is going to spend it. that is what washington does. >> they have to come to us and te
is raising tax rates on the wealthiest americans. >> we're going to have to see the rates on the top 2% go up, and we're not going to be able to get a deal without it. >> reporter: if republicans agree to do that, the president told bloomberg television, he'll agree to serious spending cuts. republicans have offered to raise taxes on higher incomes by $800 billion, not by raising tax rates, but by eliminating some deductions and loopholes. during last year's budget showdown, the president said he wanted to do exactly that. >> what we said was give us $1.2 trillion in additional revenues, which could be accomplished without hiking tax rates, but could simply be accomplished by eliminating loopholes, eliminating some deductions and engaging in a tax reform process that could have lowered rates generally while broadening the base. >> reporter: but now the president does not. he says it will not raise enough revenue. >> it's not me being stubborn. it's not me being partisan. it's just a matter of math. >> reporter: amidst all this disagreement, one area where there might be potential compromise,
is still out of balance. >> reporter: the speaker's plan would raise $800 billion in tax revenue. but does so without raising tax rates for top income earners. the president says that's unacceptable. >> we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. >> reporter: republicans, like rising star senator marco rubio, say raising taxes on the wealthy is the wrong approach. >> the tax increases he wants would fail to make even a small dent in the debt. it would hurt middle-class businesses and the people who work for them. >> reporter: so, that's the major holdup, taxes. republicans and democrats deeply divided. >> there's nothing going on privately that's not going on public. >> reporter: amidst the political posturing, there may actually be a chance for compromise on medicare. president obama says he's open to raising the age when seniors can start receiving benefits, from 65 to 67. according to one study, that would save almost $6 billion a year. president obama travels, today, to the business roundtable, where he'll address c
-pong balls? well, only about half a billion dollars, before taxes. yes, the powerball prize was a record setter. as the jackpot swelled, the ticket-buying frenzy topped a rate of 130,000 a minute. after an astounding 16 rollovers, the $580 million question tonight was, would anyone actually win this time? on the dreamer beat, once again tonight, here's abc's ryan owens. >> reporter: this had been a record-breaking jackpot night. >> america's favorite game coming to you right now -- >> reporter: after all of the hype, the days of breathless anticipation, it comes down to this. >> $580 million jackpot for you. >> reporter: in a television studio in tallahassee, florida, machines spit out six numbers. numbers that are oh so close, but not quite the ones printed on your ticket. tonight it turns out they did match for at least two people. abc news has confirmed two winning tickets were sold. one in arizona. one in missouri. while the reality that almost all of us have lost, yet again, sets in -- let's go back to this morning when we were all about to become half-billionaires. "nightline" spen
the president released this new video calling for tax relief for working families with less than a month to go, republicans and democrats remain far apart. without a deal, nearly every american will pay more income tax between $2,000 and $20 400 for the average family. >> we are -- going over the cliff, clear they made a political calculation. >> the president and his team demanding congress allow bush era tax cuts for the wealthiest 2% of americans to expire. republicans have drawn a line in the sand on raising tax rates signaling they are open to raising revenue by reforming the tax code and limiting deductions for the wealth any. >>> nancy pelosi weighed in on the fiscal cliff while stepping out for a night of glamour. the democrat from san francisco stroll photographers last night at the kennedy center honors in washington, d.c.. she told reporters it would be a wonderful christmas gift to the american people to have a tax cut come january. the annual gala event at the kennedy center honored entertainment greats. they received the nation's highest ward for influencing culture through art.
investigation. >> voters spoke rejecting a parcel tax for fire services in contra costa county. >> the decision made to close several stations there. abc news has a story from clayton. >> happening now in contra costa county, the board is making a difficult decision to close four fire stations w[ it's the only one in this small town. now, residents will face longer response times in qais case of a fire. the others are in martinez walnut creek and west lay fayette. no firefighters will lose their jobs?Úñ and and a parcel tax for fire services on the ballot. >> they're going to have a deal yai. you never know when you have an emergency what time of the day or night. and it could mean the difference between five minutes and 10 minutes. it's for a fire, meaning a larger fire, and for life saving measures could mean life, or death. >> in clayton, abc 7 news. >> investigators looking into the cause of a fire in petaluma. >> sky 7 is above the scene, you can see crews trying to fight the flames there this, fire started about 3:30 this morning in a large home in a rural area. took crews about two hou
cliff and preventing a big tax hike for everybody are going backwards fast. just listen to the democratic senate leader talking about the speaker of the house today. >> i don't understand his brain, so, you should ask him. >> reporter: president obama and speaker boehner spoke by phone last night in a call sources tell abc news was blunt and unproductive. both men refusing to give ground on the issue of tax rates for the wealthy. obama insisting they go up, boehner insisting they don't. >> listen, this is not a game. jobs are on the line. the american economy is on the line. this is a moment for adult leadership. >> reporter: and taxes aren't the only sticking point. republicans are demanding the president come forward with a plan to limit spending on medicare and social security, something many democrats say is just not acceptable. >> i didn't have my own card with me. jill wouldn't let me have one. >> reporter: vice president biden got into the act today, too, taking a break from christmas shopping and snacking at costco to urge congress to extend middle class tax cuts
on fiscal cliff debate. president wants debt reduction that includes higher taxes on the wealthy. congressional republicans came one a counter proposal. their plan would reduce the national debt by 2.2 trillion including 800 billion in new tax revenue but no tax increase for the top 2% of earners. if congress and president can not reach an agreement income taxes will automatically go up for nearly all americans. >> 7 news teaming up with a job journal for another higher event. cawters have more than 350 jobs available at the free event in san jose. >> among the company hiring, hyatt regency santa clara. california army national guard. new york life insurance and financial services as well as sleep what to do bring the resume to the double tree hotel in san jose from noon until 4 tomorrow. good opportunity to perhaps find the job you are looking for. >> magician from chico is recovering from severe burns to his head and face it happened while wayne was performing on television in the dominican republic and the show host douses him with cologne that is flammable. the
wants debt reduction that includes higher taxes on the wealthy. congressional republicans came one a counter proposal. their plan would reduce the national de 2.2 trillion including 800 billion in new tax revenue but no tax increase for the top 2% of earners. if congress and president can not reach an agreement income taxes will automatically go up for nearly all americans. >> 7 news teaming up with a job journal for another higher event. cawtersre than 350 jobs available at the free event in san jose. >> among the company hiring, hyatt regency santa clara. california army national guard. new york life insurance and financial services as well as sleep what to do bring the resume to the double tree hotel in san jose from noon until 4 tomorrow. good opportunity to perhaps find the job you are looking for. >> magician from chico is recovering from severe burns to his head and face it happened while wayne was performing on television in the dominican republic and the show host douses him with cologne that is flammable. the head burst in flames. suffered first second degr
for things she has done, drug-, alcohol-related. now the irs is going after back taxes. she owes money for 2009 and 2010. they have seized her bank accounts. she reportedly owes $233,000 in unpaid federal taxes. she's falling behind for 2011 as well. you remember charlie sheen gave her 100 grand to try to get her back on track. >> more than that? >> yeah. she's going to need a little more than that. but she's reportedly downing two bottles of vodka a day because of stress of her summer car crash and krecent bar brawl las week. charged with misdemeanor assault. >> she is reportedly refusing to to enter rehab. according to tmz. i feel badly for her. >> hope we are not watching an amy winehouse. in the making, that's my fear with lindsay. she is going to need the money. has enough lawyer fees. i don't understand how wealthy get back on their taxes anyway. wish her luck. >> she is said to earn more than $2 million end of this year. which she probably already owes. >> weird. >>> all right. speaking of weird, mike tyson in the news. he came out and said he was high on cocaine during the film
, but that high-stakes stalemate is not getting any better. that fiscal cliff, just 29 days until everyone's taxes go up and the white house and congress are absolutely deadlocked right now. >> both sides seeming farther apart than ever. both sides saying, it's your turn to blame. we'll see what happens. >>> also this morning, startling video. it's a little tough to watch but it is okay. it's a prank by a television host setting this magician's hair on fire. now, the magician is okay. he's recovering in the hospital. >> wow. >> what? >> but he is accusing the host of that show of a criminal act. looking at that videotape, it's hard to believe this was any kind of a stunt, as the host claims. >> hard to believe he's okay. >> thank goodness he's okay. >>> wow, also ahead on the show. very special guest today. heidi klum is with us live. here's what she was up to this weekend. looking so glorious. you remember that was supposed to be her halloween costume. hurricane sandy put it on hold and she did a wonderful benefit. to help those who needed it. >> she'll be appearing in full facial crystal this mo
take money out of almost everybody's pockets, in the form of higher taxes, there is more wrangling ahead today in washington. but are the two sides any closer to agreeing on something? >> that's right. more high level meetings today. treasury secretary tim geithner, kind of obama's negotiator man at the table. see if they can make any headway. >>> art, later this half hour, she's 50, he's 26. demi moore has a new younger man in her life. who she is dating now coming up "the skinny." interesting choice. seeing how the last relationship turned out. >> all you need to know his last name is schnabel. >> not making that up. we are not making that up. >> no. >>> but first, we begin with breaking news, powerball officials are making it official this morning. two jackpot tickets sold for last night's lottery, one in missouri and one in arizona. >> missouri and arizona. congratulations. get this. by the time of the drawing the jackpot was worth $580 million. so we should mention the winning numbers right now, here they are, 5, 16, 22, 23, 29, and the powerball, my personal favorite number,
to spread his message. the president wants to raise 1.6 trillion in revenue by increasing taxes on the top 2% of income earners. republicans counted with a 2.2 trillion dollar deficit reduction plan, 800 billion dollars in revenue, but didn't call for raising tax rates on wealthy. the proposal was quickly ejected with the white house. >>> new -- rejected by the white house. >>> new poll shows -- gallup asked americans to rate honesty and ethical standards car salesmen got lowest marks 8% marked them high or very high. congress is just above them, only 10% scored in the top two categories to be honest. journalists 24%. top of the rankings, nurses, 84% of americans gave them the highest marks and of course meteorologists right behind that >> i was going to say even though it is not darn -- not a 100% science -- [ talking over each other ] >> 100% science that has accuracy, a little less -- okay stop digging. [ talking over each other ] >> they didn't rate meteorologists i wonder who is dragging who down? [ laughing ] >> touche. >>> good morning. here's a look at a dry picture from sutro tower
on the prank call to the hospital ward. >>> we also have the latest on the showdown in d.c. on our taxes and that fast-approaching fiscal cliff. president obama has rejected the latest republican offer. he's taking a very hard line in the talks. >>> there's growing outage here in new york city over a front-page photo from "the new york post" yesterday. this man has just fallen down on the tracks. is just seconds away from a subway train hitting and killing him. many people upset why the photographer was taking the picture and not helping the man. this morning, he's talking out, justifying why he took the photo. and why so many other folks were running away. there's nobody there trying to help him off the tracks. >> he says he was trying to help. we're going to get into that. >>> also, you guys over there took advantage of the spring weather yesterday. >> yes, we did. we needed a walk. but more importantly, we needed to see our old pal, robin. we got to walk through the riverside park, as the sun was setting on a beautiful day in manhattan. it's always the case. she's always the -- >> she
, the president met with middle class americans raising concerns about taxes going up at the end of the year. both republicans and democrats agree that had no one wants the country to go over the so called fiscal cliff. but what are they doing about it? >> at the top of the wish list, a deal to a voice sending the economy over the fiscal cliff. >> my hope is to get this done before christmas. >> today, the president joined by middle income earners reaching out to the administration about keeping taxes low. >> if congress does nothing, every family in america will see their taxes go up at the beginning of next year. >> the white house is urging americans to use social media to push congress to act. keying in on $2000 tax increase going into affect next year for the average family of four. >> what is that again? my two? k. tweet use, my 2 k or e mail. post it on member of congress's facebook wall. do what it takes to communicate a sense of urgency. >> they may not agree on details but house speaker john boehner and house minority leader agree on one thing. failure is not on the table. >> going over
'll turn now to the fiscal cliff, 30 days from an economy-crippling deadline. where everyone's taxes go up and massive spending cuts kick in. yet, talks seem to be going nowhere. treasury secretary timothy geithner will be the guest on "this week" with george stephanopoulos. george is with us now. good morning, george. >> last weekend, you sat right here and you said that you were reasonably optimistic that a deal could be afoot. in the intervening week, we have seen a lot of trash-talking from both sides, can we still be somewhat hopeful? >> this week was a rough week in these negotiations. treasury secretary geithner when he went up to capitol hill, on thursday, the senate republican leader mitch mcconnell laughed when he got the offer from tim geithner. they think it's an offer that doesn't show any rules towards compromise. house speaker john boehner said that the talks are at a stalemate. there seems to be a huge divide. democrats said they're not going to make another move until republicans clearly say they're going to go for an increase in tax rates. republicans aren't prepared to m
is suggesting that instead of risking a tax increase on everyone, it would be better to let tax increases for the top 2% of earners go up. but the top gop leader in the house says that's a no-go. >> the goal here is to control the economy and control spending. you're not going to grow the economy if you raise tax rates on the top two rates. it will hurt small businesses. it will hurt our economy. why? this is not the right approach. >> reporter: boehner and president obama said they are optimistic that a deal can be reached by christmas. >>> turning overseas to egypt, where opponents of president mohamed morsi are calling for a second revolution. morsi is addressing his people today. a speech in which he's expected to discuss his move last week to seize near absolute power. thousands have been on the streets of cairo protesting that move since. morsi is showing no signs, though, of backing down. >>> and with the conflict in syria showing no signs of ending, the obama administration is reportedly considering deeper intervention there. this morning's "new york times" says no decisions have
higher taxes on the rich or watch everyone get a tax hike. >> that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> so, what is next? george stephanopoulos is going to sit down with the treasury secretary tim geithner for a reality check on these negotiations, this sunday on "this week." >>> and we head overseas now to israel, and the provocative new announcement there. officials in israel saying they will build 3,000 new israeli homes in jerusalem. the palestinians condemned the announcement. it comes on the heels of that historic vote by the united nations, making palestine an observer state, over the objections of israel and the u.s. >>> and nearby in egypt, tahrir square again filling up with protesters, more than 100,000 at times today, chanting against their president, mohamed morsi, claiming he jammed through a draft of a new constitution, which strengthens the muslim brotherhood against christians and liberals. critics say it would curb the rights of women and freedom of speech. >>> and back here at home, a terrifying scene in a small town.
and do what i ask. >> we're not going to extend an extension of the tax rates for the top 2%. >> if i was working the way congress and the president are working, i would probably lose my job. >> reporter: so early this morning, paige went on to the petition page on the white house website and wrote a petition that would cease paychecks and health benefits for all members of congress and the president until the fiscal cliff is avoided. unlikely, but a reflection of voter frustration as both sides dig in. the white house demanding higher tax rates for the top two tax brackets and republicans refusing. after refusing the proposal last week, house republicans offered an outline for $2.2 trillion in deficit reduction mostly through spending cuts, and while president obama would not answer questions about the counterproposal -- >> no deal better than a bad deal, sir? >> thank you. >> reporter: -- a senior white house official assailed it as a step backwards saying if republicans do not agree to some higher rates for wealthier taxpayers, the nation will go over the cliff and the american peo
under prop 30's tax hikes. housing improvements will help the state, california will continue to grow but not as much as it iced to. the forecast says the new tax -- tax revenues under prop 30 will slow economic growth but will not derail recovery. unemployment is one example jobless rate in california should average 10 1/2% by the end of the year improved to 9.7% in 2013 and fall to 8.4 in 2014. meanwhile, great news on home prices. they have surged more than 6% in one year, the biggest jump in six years. the median home price up $18,000 to $178,600. california is one of the top 10 states where prices are rising the fastest. just crossing the wires this morning, labor department reports u.s. workers were more productive this summer, they cost their companies less, that's good. banks are seeing profits again and starting to lend money a little more freely. katie marzullo, abc7 news. >>> another starbucks may pop up around the corner. the coffee giant is expected to announce today that it is planning to add at least 1500 in the united states over the next five years. the plan will boos
, of a potential compromise there to avoid the so called fiscal cliff that would raise taxes on a typical american family by some $2,200. republican congressman tom cole, of oklahoma, is urging republicans to accept president obama's deal and allow the bush-era tax cuts on the wealthy to expire for now. so tax cuts for the middle class can stay in effect. but house speaker john boehner remains opposed, saying a tax hike on the wealthy will hurt the economy. >>> today, president obama is hosting mitt romney at the white house for a private lunch. after the election, the president promised to reach out to romney for his ideas. >>> and overseas, the u.s. could be getting more involved in the civil war in syria. "the new york times" is reporting the obama administration is considering options, including arming the rebel fighters there who have made progress in recent days in battling bashar al assad's forces. >>> and more trouble for president obama's expected nominee for secretary of state. susan collins says she will not back rice for the job, until more questions on the attack on the u.s. consulate
the money and run. whatever happens with the fiscal cliff taxes on the very >>> good morning. winds gusting in excess of 30 miles an hour at our coast, wind advisory throughout the entire bay area -- [ inaudible ] wind warning at our coast we could see winds there in excess of 60 miles an hour through 11:00 this morning. >>> we'll continue to keep an eye on those winds. residents on the peninsula will be keeping an eye on a slipping hill slide where a mudslide happened earlier this month. a water main break caused this mess along several streets in daly city november 13th crews have been going around the clock to shore up parts of that hill to keep debris from flowing into the neighborhood daly city has spent almost half a million dollars to repair the damage. >>> in iraq residents of a baghdad neighborhood are cleaning up following a car bombing the blast killed five on a day when insurgents launched taxes against security forces and civilians in central and northern iraq yesterday, 30 were killed, dozens wounded. >>> in egypt several hundred protesters continue to clash with police in cai
're not going to make another move until republicans say they're going to go for an increase in tax rates. so, this is stalemate right now. now, these things always look horrible when they come together. more and more voices say, this is going to go over the fiscal cliff at least for a few days in january. >> if we go over the fiscal cliff, voters will likely blame the republicans for that. is is that true sf. >> all of the polls show that right now. we know that the tax hikes go up. ben bernanke, the fed chairman, fears that it will throw the country into a recession. they have to be careful here as well. but democrats and the president clearly believe that they have the leverage to force an increase in these tax rates on the upper income americans before they agree to a deal. >> we'll all be watching the stock market as well. >>> the president also concentrating on recasting his new cabinet and one name that came up yesterday is a replacement for leon panetta at the defense department. >> it's possible, this is a real game of musical chairs right now. the president has to fill at least thre
are expected to vote to officially shut them down for good after voters rejected a parcel tax in november. measure q would have preserved existing levels of fire service. officials say they will have to scale back responses to low priority calls. >>> investigators looking into a deadly cabin fire near fairfax say it was caused by a marijuana glowing operation. a body was found burned in the cabin. the fire chief says the source of the blade was illegal wiring feeding -- of the blaze was illegal wiring feeding electricity into that shed. >>> a water line under mountain view drive ruptured following sunday's storm causing the road to collapse. repairs are expected to cost hundreds of thousands of dollars. >>> soon workers blaming a clogged sewer line backed up and broken sewer lines all over that region sewage started spilling out of a money hole sunday morning, 30,000 gallons they are not sure if it reached a nearby creek. >>> tentative settlement between port of oakland and union as oakland is getting extra business because of a port strike in long beach and los angeles. clerical workers
to be moving on what they need to do to avoid a fiscal cliff and reach an agreement. republicans say no tax rate increases. democrats aren't giving in on entitlement reforms. is this just posturing? or are we in real trouble here? >> reporter: well, this is washington. the whole fiscal cliff is forcing them to do something. but you nailed it on the specifics. it is tax rates. the president has said that tax rates will go up for the wealthy. republicans won't bend on that. yesterday, john boehner said, we are at a stalemate. yes, this is posturing. yes, this is washington. we have four weeks to go. we're going to have ups and downs. >> ups and downs in the stock market, as well. david, thanks. have a great weekend. >> reporter: you, too. >>> now, to the star college basketball players accused of abusing their position as big men on campus. they're now facing burglary charges for allegedly stealing thousands of dollars of stuff from their fellow students. and abc's john muller is covering the story. john? >> reporter: good morning, dan. hofstra students say iphones, computers and even cash ha
medicare cuts and no more limit on how much the government can borrow. and then there's the tax hike on higher-earning americans. republicans aren't buying it. >> there is just no reason why 98% of americans have to see their taxes go up because some members of congress on the republican side want to block the tax rate increases for 2% of the wealthiest americans. >> i'm just flabbergasted. i looked at him and said, you can't be serious. i just have never seen anything like it. >> if they cannot reach a deal by new year's day, nearly every american will end up paying more in taxes. >>> public school students in five states will soon spend a lot more time in the classroom. a new three-year pilot program will be announced today in colorado, connecticut, massachusetts, new york, and tennessee. 20,000 students at those select schools will spend an extra 300 hours per term in class starting next year. it will be up to local districts to decide if school days or school years should be extenzed. >>> very interesting approach there. >>> and a church in boston could soon be seeing a huge infl
on >>> this morning on "world news now" -- fiscal fiasco. the fight over taxes and political power in washington as the fiscliff >>> this morning on "world news now" -- fiscal fiasco. the fight over taxes and political power in washington as the fiscal cliff looms and fears of a recession close in. >> the latest negotiations and nasty exchanges in a battle over everyone's money. it is wednesday, december 5th. >> announcer: from abc new, this is "world news now." >>> good hump day, everybody. wednesday morning. i'm rob nelson. >> and i'm paula faris. >>> we're going to update you on the big fiscal fight in our top story from washington. and from one capital to another, the political uproar in egypt. how cairo police are taking action as thousand of protesters hit streets in outrage. an all-too-familiar scene. >> most protesters say it seems like they traded one dictator for another. >> for another. >>> hard to believe it is. they're part of a growing group of so-called preppers getting ready, as you can see, for the very, very worst. normal everyday folks getting ready for the end of time. >> com
and the president are no closer to a deal to avoid masigs, tax increases in spending cuts that so called fiscal cliff. the senate top rbi republican says the president is back on the trail instead of sitting down with lawmakers to negotiate a settlement. the president met with small business owners to built support for the aproich. tomorrow, meeting with middle class families. the president wants higher taxes for the wealthy. and un ambassador susan rice went to capitol hill to meet with republican senators. she's high on the list to secretary of state. she's been under fire from senate republicans over the attac killed four americans, including u.s. ambassador chris stevens. today's meeting did not go well. >> we're doubled by many of the answers that we got. i'm more disturbed now than before. >> the republican senators stopped short of saying they'd block the nomination. they say they need more information and have more questions about the incident in benghazi. >> we're coming up on december to 1. that is the day mayans said the world would end. one scientist has been answering countless let
middle income tax cuts. democrats stand ready to support it. president stands ready to sign it. why? why are you holding this up. >> president obama told boehner there is no deal unless to keep the tax rates go up for those earning more $250,000. >> 138 nations voted to granted the palestinian authority status as a non-member observer state. israel and united states voted against the controversial measure which could make it easier for the palestinian authority to pursue israel in international courts. palestinian president mahmoud abbas called it a last chance for a peaceful two state settlement. >> just ahead, a bay area's woman battle against cancer. >> how social media is bringing >>> traditional fund-raising usually involves something like a bake sale or auction. >> social media opened a new arena. >> it is called cloud funding and michael finney is here tonight, apparently it works. >> it really does. it is a game changer. i reported earlier about a local elementary school where they were able to raise cash by using a cloud funding site. thousands of folks are raising money from ev
31, $650 billion in cuts to pentagon and domestic programs and tax increases will automaticly go into effect. republicans are complaining. democrats are not playing fair. >> democrats have yet to get serious about real spending cuts. secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. this is not a game. >> carolyn: joe biden went christmas shopping in the capitol at a discount store. he strolled into costco and buying apple pie. he told reporters falling o-cliff klif is not an option. >> look around here. consumer confidence is growing. last thing we need to do is dash that now by being unable to extend middle-class tax cuts. >> carolyn: costco is hedging. they announced they will pay $3 billion dividend before the end of the year. that will save share hold ears lot of money. >> 138 countries voted to grant they voted against the measure which could make it easier for palestinian authority to pursue israel in international court. mahmoud ahmadinejad addressed the. >> mahmoud abbas addressed. they say they ne
at this point. neither republicans nor democrats seem willing to budge on the issue of tax rates for the wealthy. unless the two sides can reach some kind of deal, spending cuts and also tax hikes will collectively take effect starting january 1st. the clock is ticking. >> it is. >>> the united nations has overwhelmingly approved recognition of a palestinian state, a move staunchly opposed by the u.s. and israel. >> but in the west bank and gaza, palestinians, they celebrated on the streets. the historic vote upgrades palestine to nonmember nonvoting observer status only. meanwhile, u.s. ambassador, susan rice, she denounced the resolution. saying, quote, it's counterproductive to the goal of mideast peace. >> and the palestinian people will wake up tomorrow and find that little about their lives has changed, save that the prospects of a durable peace have only receded. >> rice added that the u.s. will continue to stand up against every effort that seeks to undermine israel's security. >>> the supreme court justices will meet today to consider taking up the issue of same-sex marriage. seven case
will see their taxes automatically go up at the beginning of next year. >> i will violate the pledge, long story short, for the good of the country. >> i'm not obligated on the pledge. >> the world has changed, and the economic situation is different. >> susan rice is extraordinary. i couldn't be prouder of the job that she has done. >> the concerns i have are greater today than they were before. >> by all accounts she is talented, capable, and extremely abrasive. >> we have a new -- a new -- [ indiscernible ] >> reporter: the crowd is chanting the same chants we heard two years ago during the revolution. >>> the industry apparel brand in the u.s. have been warned again and again about the extreme dangers to apparel workers in bangladesh and yet they have not taken action. >> i was blown away that at the heart of this hunt was this young woman who had a kind of tenacity and dedication and a courage. she would never say no. >>> i'm on "two and a half men." i don't want to be on it. please stop watching it. please stop filling your head with filth. >>> the winners and champions of "dancing w
. >>> also at home, new developments in the tax showdown in washington. a deal has to get done by january 1st or everyone's taxes will go up. we'll talk about what it will take to get negotiations back on track. >> republicans had their proposal yesterday. we'll see what the reaction is. >>> also, take a look at this video. is this the real-life grinch who stole christmas. the man caught on camera stealing christmas decorations. letting the air out of the whole thing. we'll get more on that in just a moment. >>> also, jessica biel here live. what's life like right now being married to justin timberlake. also, a new movie, on the way, "playing for keeps." so much to talk to her about today. >> that is coming up. >>> let's go to lara, live, all morning long, at buckingham palace with the latest details on the royal baby. good morning, lara. >> good morning, george. what a joy to be here on this day of celebration here in england. folks cheering and giving a thumbs-up as they pass. buckingham palace behind me. and the papers shouting out the great news. there's the picture on "the times." "we're
all week. and, boy, a big showdown in washington yesterday. the high-stakes meetings over the tax deal brew apart. tim geithner took the president's latest offer to the republicans. you see him there with mitch mcconnell, the republican senate leader, who he said he laughed out loud when he saw geithner's proposal. we'll have all the details ahead. >> wow. >>> and a shocking medical headline this morning. glass particles in a generic drug for lipitor. a drug millions take to control their cholesterol. very scary findings. >> absolutely. >>> look at this, everybody. the secret santa. we don't know his name, trekking around some of the areas hardest hit by hurricane sandy, handing out $100 bills to those in need. >> happy holidays. >> yes. >> absolutely. >>> let's begin with america's latest powerball millionaires. one in arizona. one in missouri. and alex perez is in the small town of dearborn, missouri, where one lucky man is about to go public with his good fortune. good morning, alex. >> reporter: well, george, good morning. within hours, the big mystery in this teeny, tiny town coul
. i'm bill weir. it has been said that a lottery is really just a tax for people who are bad at math. but when the jackpot hits half a billion dollars, even mr. spock might let go of the logic to go buy a $2 fantasy. yes, the odds are 1 in 175 million, and yes, this powerball payday has rolled over 16 time without hitting all the numbers. but across much of the nation and all of tomorrow, all that will be pushed aside. drowned out by the inner mantra, somebody has to win and it might as well be me. here's rhinoens. . >> reporter: everyone who lines one cash in their hands and dreams in their heads seems to have a strategy. >> just one. >> reporter: by definition, just about everyone's strategy fails. is there any formula, any mathematical anything that can give you an edge over the person in front of you in line? >> no, don't put that on camera. >> there you go and good luck. >> thank you. >> reporter: to find out we went back to school tonight to southern methodist university to professor scott norris' math class. he went to harvard. >> the number of possible combinations is given b
-called fiscal cliff. they will discuss now to avert tax increases and spending cuts due to begin in january. >>> little progress in talks between the white house and house speaker boehner. >>> if you the past few days wishing you had -- california may be getting into the big game power ball played in 42 other states. lottery officials meet today expected to adopt regulations to join power ball on the heels of the staggering jackpot of 579 million dollars two winning tickets were drawn, sold in arizona and missouri. california retailers could begin selling the $2 tickets next year would it bring in 90 to 120 middles to help supplement education spending in -- million dollars to help supplement education in -- spending. >>> let's see if we are winners the weather race today. i think we are if you count raindrops. >>> we are still looking at two bigger storms headed our way, light showers this morning, live doppler showing most activity in the north bay up through cloverdale, ukiah, a few showers offshore also napa and snow may. if you are headed out highway 101 and 121 on the wet side, be car
possibility is to have a parcel tax that would require the city to take back all responsibility for tree maintenance. >> unless some revenue stream is found, the city plans to turn over 23,000 trees to property owners in the next seven years. >> developing news in mountain view where two 17-year-old boys and 23-year-old man is accused of sexually assaulting a 13-year-old girl. they say it happened last night. investigators say they were all drinking when the three young men assaulted the young teenage girl. no word on where the victim lives. >> residents of a palo alto neighborhood are concerned over a fourth sexual assault. latest attack happened early this morning in an apartment near the stanford shopping center. a man broke in and tried to rape a woman who was sleeping. vic lee is live with the latest on the search. the search for a sexual predator. >> this is apartment building where the attack took place. they say the female resident did everything right sheeclgs screamed and caused her attacker to run. police responded but still could not find him. >> i wanted them to take it seri
new super majority could impact big issues like taxes you pay. also a despite over the shooting of oscar grant and bart police officers given immune ti after the death z a victory that sets up a conflict between land lords and u.s. justice department. those stories and more coming up at 6:00. >> thank you. see you shortly. >> world news is coming up next. i'm cheryl jennings. >> from sandhya patel, all of us, we'll see you again in afl hahn hour. >>> this is "world news." tonight, royal baby. the world's most famous bride, kate middleton, is pregnant but rushed to the hospital. two days ago it was a secret, but she seemed fine, so what happened? tonight at the palace, jubilation and concern. >>> early warning. the flu has arrived. the earliest season in a decade. an alert tonight about how to
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